10 Important AI Announcements for Investors

4. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Number of Hedge Fund Holders: 158

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) focuses on supporting AI technologies by developing advanced semiconductor processes for several industries.

Taiwan Semiconductor’s (NYSE:TSM) Chairman, Rick Cassidy told CNBC that the company’s Arizona fab is “dang near back on the original schedule.” TSMC’s first U.S.-based chip fabrication plant, located in Arizona, is the most advanced on American soil and will supply chips to major clients like Apple. Initially estimated at $12 billion, the plant’s cost has risen to $20 billion, with production delayed until 2025. It is currently in pilot production, creating 4-nanometer chips at 20,000 wafers monthly. The company plans to invest $65 billion to build three fabs at the site by 2030.